Gold Down Rs 200 On Low Demand dnaindia.com

Gold fell by Rs 200 to Rs 31,400 per 10 gram at the bullion market Friday owing to weak demand from jewellers and retailers even as the metal strengthened overseas.

Silver followed suit and fell by Rs 250 to Rs 37,650 per kg due to reduced offtake by industrial units and coin makers.

Marketmen said muted demand from local jewellers and retailers at the domestic spot markets mainly kept pressure on the precious metal, but a firm trend overseas capped the fall.